Biden’s Marxist Treasury Nominee Says Gas, Oil, Coal Industries Going ‘Bankrupt’ Will Help ‘Tackle Climate Change’

Marxist lawyer and academic Saule Omarova, Joe Biden’s nominee to be comptroller of the currency, said earlier this year that she wanted oil and gas companies to go bankrupt to tackle climate change.

“Here what I’m thinking about is primarily coal industry and oil and gas industry. A lot of the smaller players in that industry are going to probably go bankrupt in short order, at least we want them to go bankrupt if we want to tackle climate change,” Omarova said back in March at the Jain Family Institute’s 2021 Social Wealth Seminar (SWS) series. The shocking clip was unearthed by the American Accountability Foundation (AAF).

“But that creates a lot of this sort of loss of jobs, a lot of displacement, and economic fallback that we cannot afford, really, so [the National Capital Management Corporation] could actually become a kind of equity investor at that point, taking over management of those companies and basically leading them through restructuring to a new technological basis and to a new technological business model, and in that sense, it’s the same type of activity but a different context,” she added.

Senator Ted Cruz ripped Omarova on Twitter, Wednesday, after video of her remarks went viral.

“Biden’s pick of Moscow State University’s Saule Omarova for the Office of the Comptroller of the Currency is a grave threat to our economy,” the Texas Republican said. “She wants to destroy energy independence, wants to nationalize consumer banks, & she has called to ‘effectively end banking as we know it.'”

Omarova was born in the Kazakh Soviet Socialist Republic, and won the Lenin Personal Academic Scholarship at Moscow State University before the collapse of the Soviet Union.

She is currently a law professor at Cornell University where she focuses on financial regulation and corporate governance.

Omarova, who was nominated by Biden to regulate national banks, was reportedly a member of a Marxist Facebook group in 2019, according to Fox Business.

Last month, the right-leaning American Accountability Foundation discovered a 2019 post from the public Facebook group “Marxist Analysis and Policy.”

A member had posted, “Let’s welcome our newest members: Saule Omarova.”

The post links to a Facebook account that’s been in operation since at least 2017 with a profile picture that appears to be of Omarova. The account’s profile picture has 85 visible likes and 14 visible comments, some of which appear to be from people who would reasonably run in the same social circles as Omarova. Those include a University of Minnesota law professor and a Cornell engineering professor.

On Oct. 19, the group promoted in a post a lecture by a Dublin City University professor about “A Marxist Narrative, From Marx and Engels to COVID-19.”

Other posts include the “ACAB” (All Cops are Bastards) slogan, and characterize the “CHOP” autonomous zone in Seattle in the summer of 2020as as the center of the battle for socialism, according to Fox.

Omarova recently proposed an “overtly radical reform” plan for the Federal Reserve to “effectively end banking as we know it” in a recent paper “The People’s Ledger: How to Democratize Money and Finance the Economy.” 

Omarova’s nomination appears to be in trouble due to the opposition of Democrat Senators Joe Manchin (W.V.), Kyrsten Sinema (AZ), and John Tester (Mont.).

All 50 Republicans oppose her nomination due to her hostility toward America’s financial services industry.

About Debra Heine

Debra Heine is a conservative Catholic mom of six and longtime political pundit. She has written for several conservative news websites over the years, including Breitbart and PJ Media.

Support Free & Independent Journalism Your support helps protect our independence so that American Greatness can keep delivering top-quality, independent journalism that's free to everyone. Every contribution, however big or small, helps secure our future. If you can, please consider a recurring monthly donation.

Want news updates?

Sign up for our newsletter to stay up to date.